Tencent Cloud Leads the Launch of the World's First International Standard for Financial Risk Control Large Model

2023-12-01

Tencent Cloud Intelligence announced that the world's first international standard for large-scale models in the field of financial risk control, initiated and led by Tencent, was officially released at the IEEE Financial Risk Control Large Model Standard Launch Conference held in Shenzhen on November 30th. This standard aims to provide reference and guidance for financial institutions in the application of AI large-scale model technology in the risk control modeling process, enabling efficient prediction, measurement, and management of business risks. The standard was jointly developed by the China Academy of Information and Communications Technology, the University of Science and Technology of China, Nanyang Technological University in Singapore, WeBank, MaSangXiaoJin, Du Xiaoman Financial, Zhongyuan Consumer Finance, and other research institutions and financial institutions. The launch conference was held under the guidance of the international authoritative standard organization IEEE. In its innovative practices in the financial field, Tencent Cloud has already released large-scale models for financial risk control and has collaborated with leading financial institutions to build hundreds of customized risk control models, achieving a 20% improvement in anti-fraud effectiveness compared to traditional solutions. In addition, Tencent Cloud and the China Academy of Information and Communications Technology have jointly launched the Industry Large Model Standard Joint Promotion Plan and initiated the first domestic large-scale model standard for the financial industry. Tencent Cloud Intelligence will continue to work with various industries to promote standard construction and practical implementation, providing support for the high-quality and standardized development of the intelligent financial industry.